UK inflation beat expectations and accelerated markedly, but this only temporarily boosted the GBP/USD. The pair came under further selling when it broke above 1.2700. CPI rose 0.6% in October, and annual inflation accelerated from 1.7% to 2.3%, the highest since March. These fluctuations around the target do not yet look like a significant threat...
GBP/USD Rally Stalls: What Inflation Data Means for Future Moves | Investing.com
